70 Beacon St Somerville, MA 02143
Prime Somerville/Cambridge retail building with two units and parking.
Property Features for 70 Beacon St
General Information
- Standard status
- Active
Building Details
- Year built
- 1900
Source:
Corcoran
Listing Agency: City Realty Group Listing Agent: Sean Rose
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Inman Square Retail Opportunity
This property presents a retail opportunity in the Inman Square area of Somerville/Cambridge, a densely populated location with over 60,000 residents within a 1-mile radius. The building includes two retail units with frontage on Beacon Street. Unit #70 is a 2,020 square foot bar/restaurant tenant with a lease extending to 2034, paying $53.47 per square foot NNN with annual increases, and covering 55% of the site’s expenses. Unit #70E is an 1,800 square foot space formerly used as a veterinary clinic, suitable for an owner occupant or investor to lease out. Both units include full basements. On-site parking is available, along with signage opportunities and street parking in the immediate area. The property is located across the street from Whole Foods and near CHA Cambridge Hospital.
Location Intelligence
Current Use by Public Records
Thirsty Scholar Pub
Restaurant
Huron Veterinary Hospital
Veterinary Clinic
Tall Order
Restaurant
Location Insight
- Map
- Local Demand
- City
- Somerville
- County
- Middlesex
- State
- Massachusetts
- Longitude
- -71.1043106
- Latitude
- 42.3763713
Nearby Similar for Sale
FAQs
What type of property is this?
Retail space - Prime Somerville/Cambridge retail building with two units and parking.
Where is this retail space located?
The property is located at 70 Beacon St Somerville, MA.
What are key features of this property?
This property features: - Prime Inman Square location with high population density (over 60,000 residents within 1 mile).; - Existing tenant (bar/restaurant) in Unit #70 provides stable income at $53.47 psf NNN with annual increases until 2034, covering 55% of site expenses.; - Unit #70E (1,800 SF former veterinary clinic) offers opportunity for owner occupancy or additional rental income.
